Watermark Retirement Communities, Inc., formerly Fountains Retirement Communities, has been reappointed as manager for 16 retirement communities previously managed by Sunrise Senior Living, announced David N. Barnes, President/CEO of Watermark Retirement Communities. After selling 18 properties within the Fountains brand to Sunrise in 2005, Fountains Retirement Communities was renamed Watermark Retirement Communities. Over the past [...]
The MetLife Mature Institute (MMI) recently released a new survey that shows that most Americans know what long-term care is and how much it costs, but their scores fall short regarding how many people will need it and how they will pay for it. The MetLife Long-Term Care IQ Survey, taken by 1,021 individuals aged [...]
Senior Housing Properties Trust (NYSE: SNH) results for the third quarter of 2009 showed that Net income was $15.6 million, or $0.13 per share, for the quarter ended September 30, 2009, compared to net income of $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008. The current quarter results includes an [...]
Brookdale Senior Living Inc. (NYSE: BKD; the "Company") announced that certain funds managed by affiliates of Fortress Investment Group LLC (the "Fortress stockholders") intend to offer in an underwritten offering 16.55 million shares of the Company’s common stock. Fortress funds owned 52.7 million shares of Brookdale or about 45 percent of outstanding shares of the [...]
Somerby at St. Vincent’s One Nineteen, an active retirement community with independent and assisted living, celebrated its grand opening in Hoover, Alabama earlier this month. Consisting of 136 independent living apartment homes and 64 assisted living residences, Somerby at St. Vincent’s One Nineteen is the newest active adult rental retirement community in Alabama. Among the [...]
Emeritus Corporation (NYSE: ESC)(“the Company), a national provider of assisted living and Alzheimer’s and related dementia care services to senior citizens, announced its third quarter 2009 results that showed a net loss of $16.0 million for the third quarter of 2009 improved $7.1 million from a net loss of $23.1 million in the prior year [...]
The Colorado Association of Homes and Services for the Aging (CAHSA), Colorado’s largest nonprofit association representing providers of aging services, recently announced that OZ Architecture and Englewood Meridian have joined the association. OZ Architecture provides architecture, urban design and interior design services with offices in Denver and Boulder. OZ Architecture, created in 1989 through a [...]
The Moldaw Family Residences at 899 Charleston, the new senior living community on the Taube Koret Campus for Jewish Life (TKCJL), began welcoming residents late last month to the new continuing care retirement community (CCRC) in Palo Alto, California. Moldaw Family Residences was designed around the concept of inspiring older adults to remain active and [...]
WellAWARE Systems, a developer of wellness monitoring solutions for senior care providers, recently announced it has entered into a technology integration collaboration with American Medical Alert Corp. (NASDAQ:AMAC). AMAC provides remote patient monitoring technology and 24/7 healthcare communication services to enhance care, accelerate response time, improve operational effectiveness. WellAWARE and AMAC are delivering an integrated [...]
